HMRC increases take from small Tax Investigations HMRC is extracting an average of £18,400 for each investigation into an individual or small business, up from £17,500 last year, according to new data.   City A.M. By Lisa Brownlow, 28 March 2022
Read Now
Tax raids leave under-30s hardest hit Research by the Intergenerational Foundation think-tank reveals that the soaring cost of living will disproportionately impact on the under-30s. Younger workers are being unfairly targeted in a “tax by stealth” caused by freezes on income tax brackets and the student loan repayment threshold, as well as April’s national insurance rise. The disposable income of a […] By Lisa Brownlow, 24 March 2022
Read Now
Workers unaware of tax refunds Analysis by experts at RIFT Tax Refunds show that many UK workers are unaware of the money they could be owed via a tax refund, particularly those working within construction, security, in offshore oil and gas or within the armed forces. The report shows that the average applicant is missing out on £2,500 over an […] By Yinka Brownlow, 23 March 2022
Read Now
IR35 reform nets £250m, but policing risks remain! Tax reforms designed to prevent employees posing as private contractors to avoid National Insurance have raised £250m, more than the £150m expected. However, the National Audit Office said HMRC may have “underestimated” the cost of the reforms to public sector employers. The agency also warned that HMRC faced further challenges to “identify, monitor and address […] By Lisa Brownlow, 22 March 2022
Read Now
HMRC in scam warning! HMRC has urged people to be on guard amid concerns that self-assessment taxpayers could be the target of scams, with more than 570,000 having been reported in the past year. The tax office said customers are at increased risk of falling victim at this time of year, with the self-assessment filing deadline having recently passed, […] By Lisa Brownlow, 17 March 2022
Read Now
UK’s small business support scheme suffers slow take-up The Government’s Help to Grow programme – a scheme designed to boost productivity among SMEs – has only signed up 2,500 companies, less than 10% of its target of 30,000. The £520m scheme was described by Chancellor Rishi Sunak when it was announced in the March 2021 Budget as a way to ensure SMEs “are […] By Lisa Brownlow, 16 March 2022
Read Now

See How Acer Accounts can
support your business

Phone us on Tel. 0117 287 2438 to see how we can help set up your business with accounting software and provide a range of accountancy services

Book a call Get a quote
↑